SPX Rises for Fourth Week, +13%...Markets Closed Monday for MLK, Jr. Day...

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SPY, DIA, QQQ and IWM close higher for fourth straight week as post-Christmas rally continues.

• Broad rally sends SPX to highest close since Dec 6.
• SPX 500 with 455 advancers and 45 decliners on Friday.
• Negative earnings reaction from NFLX -3.99%.
• Negative layoffs news reaction from TSLA -12.97%.  

The DJIA, closed up 336 points at 24,706, led by strength in UNH, BA, HD, MMM and GS.  

All eleven sectors were higher on Friday, led by energy XLE +2.03% and industrials XLI +1.90%.

SPY up 3.50 at 266.46 on 127.9 million shares, 7% below average volume. Up on higher volume.

VIX down .26 at 17.80 

Oil up 1.51 at 53.99

TLT down .63 at 119.56 on 14.1 million shares. 

DWDP +2.96%, CAT +2.19%, led the DJIA, 30 advancers, +6

PCG +13.68%, VFC +12.39% and SLB +8.12%, led the SPX.

WDC +7.49%, JBHT +6.19%, MU +5.55%, and JD +5.06% led the NDX.

Long term up trend intact.  3-day short term trend is up.

Up: DIA, SPY, IWM, QQQ,

Down:

Breadth strengthened on Friday, as advancers led 2,189 to 748 on the NYSE and led 2,135 to 920 on the NASDAQ

The SPY MFC green line is pointed up at 62 and is short-term bullish.

Uptrend sectors:  

Neutral sectors:  XLU, XLRE, XLB, XLY, XLC, XLV, XLI, XLK, XLP, XLF, XLE,

Down trend sectors:

The 6-month intermediate trend is down.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Down

3-day Short Term Market Trend: Up

92 of 100 NDX stocks closed higher on Friday.

94 NDX stocks are above their 30 DMA:  DLTR, REGN, WDAY, XRAY, ROST, LULU, CELG, INCY, NFLX, AMGN, AMZN, BIIB, CDNS, CTRP, EA, EBAY, FB, GILD, INTC, JD, PCAR, PYPL, TMUS, VRTX, WYNN, XLNX, AMD, CTAS, MELI, NTES, TXN, ULTA, VRSN, ADBE, ADSK, BMRN, HAS, INTU, MCHP, TTWO, ADI, AMAT, AVGO, ISRG, KLAC, LRCX, NXPI, SNPS, CERN, CTXS, FAST, JBHT, MDLZ, MNST, NVDA, PAYX, SWKS, WLTW, CSX, MYL, ALXN, CMCSA, CTSH, EXPE, GOOGL, IDXX, KHC, MAR, MSFT, MXIM, MYL, NTAP, ORLY, VRSK, ALGN, BIDU, UAL, AAL, ADP, CHKP, COST, CSCO, FISV, ILMN, MU, SBUX, SIRI,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 7

ASML, ATVI, BKNG, FOXA, HSIC, LBTYA, SYMC, WDC,

Moving Below 30 DMA = 1

TSLA,

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